Belo 1Q Revs Down 4.8%, TV, Online Up

  • April 27, 2007
Belo Corp.'s consolidated revenue for the first quarter of 2007 was $354 million, a decrease of 4.8% versus the same period in 2006. The Television Group revenue was up 2.1% and Newspaper Group revenue down 11% on a reported basis. Advertising revenue associated with Belo's TV station Web sites increased 30% in the first quarter to $5.2 million. Like its rivals, Belo's Newspaper Group total revenue decreased 11% in the first quarter, but saw a boost in online: Internet ad revenue, a component of total advertising revenue, increased 18% to $12.3 million.

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